What will be the difference in annual simple and compound interests at – McqOptions

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1.	What will be the difference in annual simple and compound interests at the rate of 12%p.a on the sum Rs. 960 after 2 years compounded annually?
A.	Rs. 13.824
B.	Rs. 20.224
C.	Rs. 24.04
D.	Rs 31
Answer» B. Rs. 20.224

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What will be the difference in annual simple and compound interests at the rate of 12%p.a on the sum Rs. 960 after 2 years compounded annually?